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Transforming banking efficiency with Corporate Digital Identity technology

Banks are consistently faced with the dual challenges of optimizing operations and enhancing both efficiency and employee satisfaction.
One Inc, the leading payments network for the insurance industry, has expanded its collaboration with J.P. Morgan Payments to deliver a comprehensive, unified payment experience for Property & Casualty insurance clients.

One Inc and J.P. Morgan Payments to deliver unified digital payment solutions for P&C...

One Inc, the leading payments network for the insurance industry, has expanded its collaboration with J.P. Morgan Payments to deliver a comprehensive, unified payment...
Alpian leads Swiss FinTech with $84m Series C funding in H1 2024

Swiss FinTech investments projected to halve in 2024 with no deals over $100m recorded...

Key Swiss FinTech investment stats in H1 2024: Zero deals of $100m or over were recorded in H1, resulting in a 60% drop in...
Invex Ventures bolsters FinTech portfolio with strategic acquisition of Manigo

Invex Ventures bolsters FinTech portfolio with strategic acquisition of Manigo

Manigo, a prominent London-based fintech infrastructure platform, today announced its acquisition by Invex Ventures, a seasoned investor in the FinTech sector.

Acquired.com secures £4m funding to boost recurring commerce solutions

Acquired.com, the innovative payments platform specialising in recurring commerce, announced today a significant stride in their growth trajectory. The company, recognised for its next generation...
PXP Financial, a prominent provider of global payment services, has announced a strategic partnership with Kushki, a key player in the payment platform sector in Latin America.

PXP Financial joins forces with Kushki to revolutionize payment solutions in Latin America

PXP Financial, a prominent provider of global payment services, has announced a strategic partnership with Kushki, a key player in the payment platform sector in Latin America.
Stoïk secures $27m in Series B to bolster cyber insurance for European SMEs

Stoïk secures $27m in Series B to bolster cyber insurance for European SMEs

Stoïk, a French InsurTech startup, recently secured Series B funding of €25m ($27m). The round was led by Alven, with participation from Andreessen Horowitz, Munich...
Warburg Pincus invests $125m in Contabilizei, boosting automation in Brazilian accounting

Warburg Pincus invests $125m in Contabilizei, boosting automation in Brazilian accounting

Contabilizei, the largest accounting firm in Brazil, today announced securing a substantial $125m investment from global growth investor Warburg Pincus.
Imprint secures $75m in Series C to revolutionise co-branded credit cards

Imprint secures $75m in Series C to revolutionise co-branded credit cards

Imprint, the innovative provider of co-branded credit cards, announced a significant boost in funding with a $75m Series C round.
The natural tension of compliance and technology in financial institutions

The natural tension of compliance and technology in financial institutions

While technology is essential for modern compliance programs, it can often be a source of natural tension for compliance

News Stories

Diverse week for FinTech as $1.1bn raised across 17 deals

Diverse week for FinTech as $1.1bn raised across 17 deals

It was a diverse week for FinTech funding, with deals closing across nine different countries.  There were a total of 17 FinTech funding rounds covered...
Sift enhances fraud insights with new metrics in industry benchmark tool

Sift enhances fraud insights with new metrics in industry benchmark tool

Sift, a leading AI-powered fraud prevention platform, has introduced significant updates to its Fraud Industry Benchmarking Resource (FIBR), a free online tool designed to provide key fraud metrics across various industries, geographies, and timeframes.
Bitsight acquires Cybersixgill in $115m deal to enhance cyber threat intelligence

Bitsight acquires Cybersixgill in $115m deal to enhance cyber threat intelligence

Bitsight, a global leader in cyber risk management, has announced its $115m acquisition of Cybersixgill, a prominent cyber threat intelligence (CTI) provider. This strategic move...
FinCEN issues alert on deepfake fraud schemes targeting financial institutions

FinCEN issues alert on deepfake fraud schemes targeting financial institutions

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a critical alert to assist financial institutions in identifying and addressing fraud schemes involving deepfake media created with generative AI (GenAI) tools.
change communication methods during a verification check.Some identity verification solutions may also flag possible attempts to circumvent verification checks, such as the use of third-party webcam plugins, which can let a customer display previously generated video rather than live video. Use of Deepfake Media in Phishing Attacks and Scams Criminals may also target financial institution customers and employees through sophisticated, GenAI-enabled social engineering attempts in support of other scams and fraud typologies, such as business email compromise (BEC) schemes, spear phishing attacks, elder financial exploitation, romance scams, and virtual currency investment scams.24For example, in family emergency schemes, scammers may use deepfake voices or videos to impersonate a victim’s family member, friend, or other trusted individual.25Similarly, criminals have reportedly used GenAI tools to target companies by impersonating an executive or other trusted employee and then instructing victims to transfer large sums or make payments to accounts ultimately under the scammer’s control.26 Financial Red Flag Indicators of Deepfake Media Abuse FinCEN identified the following red flag indicators to help financial institutions detect, prevent, and report potential suspicious activity related to the use of GenAI tools for illicit purposes.As no single red flag is necessarily indicative of illicit or suspicious activity, financial institutions should consider the surrounding facts and circumstances before determining whether a specific transaction is suspicious or associated with illicit use of GenAI tools. A customer’s photo is internally inconsistent (e.g., shows visual tells of being altered) or is inconsistent with their other identifying information (e.g., a customer’s date of birth indicates that they are much older or younger than the photo would suggest). A customer presents multiple identity documents that are inconsistent with each other.

Folks Finance secures $3.2m in Series A to advance crosschain DeFi solutions

Folks Finance, a DeFi platform specialising in lending, borrowing, and managing digital assets across multiple blockchains, has announced it raised $3.2m in an oversubscribed Series A funding round.

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